Stantec Inc

Stantec is expanding its share buyback authorization to 5% of shares outstanding, up from 2%. The company has already repurchased 1.67 million shares at a weighted average of C$103.43, representing 1.46% of shares outstanding as at March 10, 2026, when Stantec filed its initial application with the TSX. The expanded program, allowing repurchases of up to 5.70 million shares, starts August 20 and runs through March 11, 2027.

Stantec declared a quarterly dividend of CAD 0.245 per share, in line with its previous payout. The dividend is payable on October 15 to shareholders of record on September 29, with the ex-dividend date also set for September 29.

Canadian stocks are seen turning in a mixed performance on Thursday with investors mostly reacting to earnings announcements. Stantec Inc. has reaffirmed its annual guidance to reflect strong demand and favorable market conditions, still expecting adjusted income per share growth of 15% to 18% and net revenue growth of 8.5% to 11.5% for fiscal 2026. CCL Industries posted net income of C$223.8 million, or C$1.31 per class B share, in the quarter ended June 30, 2026, compared with C$213.1 million, or C$1.21 per class B share, a year earlier. Brookfield Corporation reported second-quarter net income of $364 million, or $0.14 per share, up from $272 million, or $0.10 per share, a year ago. Onex Corporation reported net earnings of $131 million for the three months ended June 30, 2026, down from $229 million a year earlier, with net earnings per diluted share of $1.71 compared with $3.30. Weak commodity prices may trigger some selling in energy and materials sectors, and a lack of progress in Middle East peace efforts could weigh as well.

Stantec Inc. has reaffirmed its annual guidance, citing strong demand and favorable market conditions. For fiscal 2026, the Canadian engineering, architecture, and environmental services provider still expects adjusted income per share growth of 15% to 18%, with net revenue growth of 8.5% to 11.5%. For fiscal 2025, Stantec reported adjusted income of C$5.30 per share on net revenue of C$6.5 billion. The board will pay a dividend of C$0.245 per share on October 15 to shareholders of record as of September 29.

Stantec reported second quarter 2026 net revenue of $1.8 billion, up 11.5% year-over-year, and raised its full-year adjusted EBITDA margin target to a record range of 17.8% to 18.3%. Adjusted EBITDA rose 17.1% to $332.9 million, with adjusted EBITDA margin expanding 90 basis points to 18.7%, while adjusted EPS climbed 18.4% to $1.61. Contract backlog reached $9.2 billion, a 17.5% increase from a year earlier, and the company repurchased 1,667,292 common shares for $175.9 million in the first two quarters of 2026. On July 31, 2026, Stantec acquired Niche, a 200-person engineering and environmental consultancy firm in Australia, to bolster its Environmental Services operations. The company also declared a quarterly dividend of $0.245 per share, payable on October 15, 2026.

Stantec, in a joint venture with Johnson, Mirmiran and Thompson, has been awarded a US$150 million contract by the U.S. Army Corps of Engineers Charleston District to design critical infrastructure for coastal storm risk management on the Charleston peninsula. The contract is part of a larger program with a total value of US$1.2 billion, under which the team will lead the design of more than eight miles of integrated coastal infrastructure including storm surge barriers, floodwalls, levees, pump stations, and multiple gate structures, as well as nature-based features such as living shorelines and oyster reefs. The project aims to protect over 40,000 residents and nationally significant historic landmarks from increasing storm surge vulnerability. Stantec brings experience from major U.S. coastal storm risk management programs, including work in New Orleans, New York City, and Galveston.

Fluor Corporation and its joint venture partner Walsh Construction Company have reached Substantial Completion on the Chicago Transit Authority's $2.1 billion Red and Purple Line Modernization Phase One Project, the largest completed capital project in CTA's history. The milestone reflects the collaboration of an exceptional project team including Fluor, Walsh Construction, Stantec, Hitachi, and Meade. Since commencing in 2019, the program has modernized and replaced just over two miles of 100-year-old elevated track between Lawrence and Bryn Mawr, rebuilt four stations into modern, fully accessible facilities, and constructed the Red-Purple Bypass to eliminate track conflicts and improve throughput for Red, Purple, and Brown Line service. Additionally, 11 miles of new digital track circuit signaling have been installed, increasing capacity today while enabling future enhancements. The new stations and tracks fully opened in the summer of 2025, with final completion for RPM Phase One scheduled for November 2026.